Bank of America must have had inside info. Reading the latest sugar coated update suggests concerning problems with Edna May mine. The expected cost per ounce is very worrysome as there is little profit margin if the Aus dollar gets to $110 US and gold flops to $US 1300. The two shouldn't happen together but might if other minerals are selling well.
No doubt an analyst also had inside info when comsec downgraded Catalpa to 11.9 cents per share EPS for 2011.
Bank of America must have had inside info. Reading the latest...
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